Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.037%
Price spread now: GMX against Bitget+0.044%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.044%, 7d avg +0.044%
=The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTCUSDT | 85,481.7 | 0.0078 | pay 0.0078% / 8h | 4h 22m | $2.95B | $5.07B | 150x |
| Short | GMX BTC/USD [WBTC.b-USDC] | 85,518.9 | L +0.0202% / S −0.0177% | get 0.0022% / 1h | 22m 10s | $13.4M | — | 200x |
Bitget BTCUSDT
GMX BTC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.71
- Price spread: +0.044% → +0.044%
- −$0.08
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$3.37
- Costs to cover
- 0.240%
- Break-even
- 8.1 days
Slippage unknown: Bitget: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 2 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.6 bp −$664 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,485 | +0.004% | $2.1M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,531 | +0.058% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,513.8 | +0.038% | $365K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0023% | 8h | 85,519.6 | +0.044% | $417.1M | $667.7M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0021% | 8h | 85,477.2 | −0.005% | $919.1M | $751.4M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,519.4 | +0.044% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 85,495.8 | +0.016% | $515.4M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0014% | 1h | 85,497.7 | +0.019% | $16.7M | $21.2M | 50x | as long as short |
| Nado BTC-PERP | +0.0021% | 1h | 85,494.8 | +0.015% | $25.4M | $222.3M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,498 | +0.019% | $4.4M | $98.0M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Nado BTC-PERP
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0062% | 8h | 85,469.6 | −0.014% | — | $17.1M | — | as long as short |
| Phemex BTCUSDT | +0.0073% | 8h | 85,492.1 | +0.012% | $147.6M | $487.6M | 150x | as long as short |
| Bitget BTCUSDTlong | +0.0078% | 8h | 85,481.7 | long leg | $2.95B | $5.07B | 150x | |
| Reya BTCRUSDPERP | +0.0083% | 1h | 85,496 | +0.017% | $6.7M | $146.7M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,511.2 | +0.035% | $172.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,511.7 | +0.035% | $23.9M | $149.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,521 | +0.046% | $8.4M | $52.9M | 100x | as long as short |
| MEXC BTC_USDT | +0.0096% | 8h | 85,486.3 | +0.005% | $5.06B | $5.64B | 500x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,513.3 | +0.037% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,489.5 | +0.009% | $9.36B | $24.14B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,484 | +0.003% | $210K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,563.2 | +0.095% | $4.9M | $9.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,560 | +0.092% | $3.75B | $4.98B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,534.7 | +0.062% | $40.7M | $580.0M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,486.5 | +0.006% | $5.21B | $9.79B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,495.5 | +0.016% | $2.58B | $12.13B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,505 | +0.027% | $3.8M | $18.2M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,516 | +0.040% | $659.1M | $647.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,490.7 | +0.010% | $5.51B | $10.73B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,476.2 | −0.006% | $35.7M | $176.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,455.5 | −0.031% | $153.7M | $564.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,482.9 | +0.001% | $279.2M | $920.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,448.2 | −0.039% | $214.5M | $169.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,521.5 | +0.047% | $139.8M | $314.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,512 | +0.035% | $30.2M | $208.2M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,567.9 | +0.101% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,513 | +0.037% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,505.6 | +0.028% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,518.4 | +0.043% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,556.7 | +0.088% | $207K | $738K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,511.9 | +0.035% | $29.9M | $50.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,493.9 | +0.014% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,506 | +0.028% | $59.9M | $336.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,511 | +0.034% | $2.26B | $942.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,495 | +0.016% | $44.7M | $230.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,530.3 | +0.057% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,540.9 | +0.069% | $117.1M | $5.19B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0116% | 1h | 85,548.3 | +0.078% | $884.7M | $1.57B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,475 | −0.008% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,524.4 | +0.050% | $187.6M | $955.0M | 100x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,542.1 | +0.071% | $8.2M | $42.5M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0198% | 1h | 85,522 | +0.047% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC]short | L +0.0202% / S −0.0177% | 1h | 85,518.9 | +0.044% | $13.4M | — | 200x | |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,554.3 | +0.085% | $703K | $7.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,538 | +0.066% | $10.3M | $756.6M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,532.4 | +0.059% | $500K | $18.8M | 6.7x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Reya BTCRUSDPERP
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC